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5 digital payment frauds and how to avoid them
21 Nov 2019, 05:11 PM IST
New forms of payments offer scope for confusionGetty Images1/6New forms of payments offer scope for confusion
Two developments have created an enabling environment for fraud— the explosion of smartphones with internet and multiple modes of payment through apps. While there is enough protection built into UPI and card payments, fraudsters use various tricks to get users to part with critical information.
Methods used by tricksters range from payment requests made on the Unified Payments Interface (UPI) to sharing of QR codes on WhatsApp. Here are some common ones doing the rounds.